Black Stone Minerals (NYSE:BSM) Posts Earnings Results, Misses Estimates By $0.21 EPS

Black Stone Minerals (NYSE:BSMGet Free Report) released its earnings results on Monday. The oil and gas producer reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.21), Zacks reports. Black Stone Minerals had a return on equity of 41.49% and a net margin of 67.54%.

Black Stone Minerals Price Performance

Shares of BSM traded up $0.01 during trading hours on Monday, hitting $14.95. 587,023 shares of the company were exchanged, compared to its average volume of 439,375. The company has a market capitalization of $3.15 billion, a PE ratio of 9.23 and a beta of 0.94. The firm has a fifty day simple moving average of $14.79 and a 200-day simple moving average of $14.88. Black Stone Minerals has a one year low of $13.78 and a one year high of $16.92.

Black Stone Minerals Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.50 annualized dividend and a dividend yield of 10.03%. Black Stone Minerals’s dividend payout ratio is currently 92.59%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Piper Sandler dropped their price objective on Black Stone Minerals from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. StockNews.com upgraded shares of Black Stone Minerals from a “hold” rating to a “buy” rating in a research report on Monday, December 16th.

Get Our Latest Stock Analysis on Black Stone Minerals

About Black Stone Minerals

(Get Free Report)

Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States.

See Also

Earnings History for Black Stone Minerals (NYSE:BSM)

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